Bill Nuti

William (Bill) R. Nuti is an American businessman from New York.[1] He has been the CEO and Chairman of NCR Corporation since 2005. He joined the company after it spun out of AT&T, and worked to reestablish its foundations and increase its revenue as an independent company.[2] Nuti holds a BSc. In Finance and Economics from C.W. Post College.[1]

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When Nuti joined NCR in 2005, the company was struggling.[3] It had been spun out of AT&T in 1997 and its compound annual growth rate over the eight years following the spinoff was less than 1 percent.[2]

Nuti spent 2006-10 rebuilding NCR’s foundation, with a focus on restructuring the company’s entire supply chain. In January 2007, NCR announced a spinoff of Teradata, the company’s data-warehousing business,[4] which was completed on October 1, 2007.[5] In 2009, NCR announced that its headquarters would move from Dayton, Ohio to Atlanta, Georgia.[1][6] Nuti explained the decision in a 2012 interview: “The decision was good for the company long term, but we made it with a heavy heart.”[1]

In 2011, NCR started making investments in developing the company vision. NCR made a number of acquisitions including Radiant in 2011,[7]Retalix in 2013,[8] and Digital Insight in 2014.[9]

In November 2015, NCR announced a strategic partnership with Blackstone, which NCR said would accelerate its “ongoing strategic transformation into an integrated software and services company.” The agreement called for affiliates of Blackstone to invest $820 million in NCR in the form of perpetual convertible preferred shares.[10] NCR used the Blackstone investment to help fund a share repurchase through a self-tender offer for $1 billion of its common stock.[10]

As of 2016, NCR had $1.8 billion in software revenue and $600 million in cloud revenue, up from zero as recently as 2010. Its non-GAAP operating income increased from $383 million in 2010 to $840 million in 2016.[11]

While in college, Nuti worked for IBM, selling copiers. Following his graduation in 1986, Nuti accepted a full-time position with IBM, selling telephone systems for an entity IBM had recently acquired.[12] In 1988, Nuti left IBM for a start-up company, Network Equipment Technology, which was based in San Jose, California. In 1990, he joined Netrix as a regional manager. One of the company’s customers was Cisco, which hired Nuti in 1991.[12]

In 1997, Nuti moved to Singapore and ran Cisco in the Asia/Pacific region. In 1999, he moved to London and ran Cisco Europe, Middle East, and Africa, and more than doubled Cisco’s revenue in the region.[13] In 2001, he returned to Cisco’s headquarters and became senior vice president responsible for both the company’s Worldwide Service Provider business and the U.S. Theater Operations.[14] In this dual role, he led Cisco’s field operations, systems engineering, professional services, marketing and U.S. sales divisions.[15]

In 2002, he left Cisco and joined Symbol Technologies as President and COO.[16] He became CEO in 2003 and returned the company to profitability for the first time in five years, increasing revenue growth by 24% from 2002-2004.[13]

In June 2005, American Business Awards called Nuti the “Best Turnaround Executive.”[18] In 2015, he was named “Most Admired CEO” by the Atlanta Business Chronicle.[3] He has also been included on Long Island University’s list of Notable Alumni.[19] In 2014, he was a recipient of the Atlantic Legal Foundation’s Annual Award.[20] In 2017, he received the Lifetime Global Innovation Award from the ATM Industry Association.[21]

In 2014, Nuti was the primary speaker at the Dubai International Project Management Forum (DIPMF).[13] He spoke at the White House Forum on Strategy for American Innovation. In 2017, articles by Nuti were published in The Wall Street Journal,[22] Entrepreneur,[23] and Mobile Payments Today.[24]

In June 2008, Nuti was appointed to Sprint Communications’ Board of Directors, where he served until July 2013.[25] In May 2014, he was elected to the Board of Directors at Coach, Inc.,[26] where he serves on the human resources committee.[27]

In 2014, Nuti became a member of the Georgia Institute of Technology advisory board,[14] where he served until 2017. In December 2013, he joined the Board of Directors of United Continental Holdings (United Airlines),[28] where he serves on finance, compensation, and public responsibility committees.[29] He is a trustee at Long Island University.[30] In the past, he served on the board of Opus360 Corp.[31]